What was the outcome of Do Amore’s pitch on Shark Tank Season 13? Do Amore, a company specializing in ethically sourced engagement rings with a social mission, successfully secured an investment on Shark Tank Season 13. They received $600,000 from guest shark Daniel Lubetzky in exchange for 15% equity, with an additional 3% dedicated to their clean water initiative.
Summary
- Do Amore pitched their ethically sourced, conflict-free engagement rings with a social impact mission on Shark Tank Season 13.
- They initially asked for $600,000 for 6% equity.
- Guest shark Daniel Lubetzky offered $600,000 for 15% equity, with 3% going to charity.
- Do Amore accepted the deal.
- The company has seen growth and expansion since their appearance on Shark Tank.
- They continue to focus on their mission of providing ethically sourced jewelry and clean water initiatives.
Do Amore Shark Tank Update | Shark Tank Season 13
Do Amore is a jewelry company that specializes in ethically sourced, conflict-free engagement rings and wedding bands. The company’s mission goes beyond simply providing beautiful jewelry; Do Amore is dedicated to making a positive impact on the world.
For every ring sold, they fund a clean water project, providing access to clean drinking water for people in need. This social mission sets Do Amore apart in the jewelry industry, attracting conscious consumers who want their purchases to make a difference.
Do Amore’s Shark Tank Pitch
Do Amore’s Shark Tank pitch was a memorable one, showcasing their unique blend of ethical business practices and social impact. Here are the key details:
Entrepreneurs | Krish Himmatramka |
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Business | Do Amore |
Ask | $600,000 for 6% equity |
Deal | $600,000 for 15% equity with 3% going to charity |
Sharks | Mark Cuban, Kevin O’Leary, Lori Greiner, Robert Herjavec, Daniel Lubetzky (guest shark) |
Season | Season 13 |
Original Air Date | March 18, 2022 |
Website | Do Amore |
Key Points of Pitch |
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Why Sharks Accepted |
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The Power of a Social Mission
Do Amore’s Shark Tank success highlights the growing importance of social missions in the business world. Consumers are increasingly looking for companies that align with their values and contribute to positive change.
Do Amore’s model demonstrates that it’s possible to build a profitable business while also making a meaningful impact on the world.
Their dedication to clean water projects resonates with customers, making their jewelry more than just a purchase—it’s a symbol of hope and a commitment to a better future.
Do Amore’s Journey After Shark Tank
1. Growth and Expansion
Do Amore’s Shark Tank appearance served as a powerful catalyst for their business. The exposure led to a significant boost in brand awareness and customer interest.
This, in turn, fueled impressive growth and expansion for the company. They were able to invest in their operations, improve their online presence, and broaden their product offerings.
Do Amore also expanded their physical presence with a showroom in Houston, Texas, allowing customers to experience their jewelry in person.
2. Staying True to the Mission
While the Shark Tank deal ultimately didn’t close, Do Amore remained committed to their core values and social mission.
They continued to prioritize ethically sourced materials and transparent business practices. Their dedication to providing clean water for communities in need remained a central part of their brand identity.
Do Amore’s consistent focus on their mission has fostered a loyal customer base that appreciates their commitment to both quality and impact.
3. Impact on Clean Water Initiatives
Do Amore’s “one-for-one” model has resulted in a tangible and positive impact on clean water initiatives around the world. With every ring sold, they fund a clean water project, providing access to safe drinking water for people in need.
Through their partnerships with organizations like charity: water, Do Amore has helped bring clean water to thousands of people in developing countries.
Their website showcases the specific projects they’ve supported, allowing customers to see the direct impact of their purchase.
This transparency and commitment to social responsibility has strengthened their brand and solidified their position as a leader in ethical jewelry.
The Shark Tank Effect
1. Daniel Lubetzky’s Mentorship and Support
Even though the investment deal didn’t close in the end, Daniel Lubetzky’s interest in Do Amore and his offer on Shark Tank provided a significant boost.
His recognition of the company’s potential validated their business model and social mission. While the formal investment didn’t materialize, Lubetzky’s mentorship and guidance proved invaluable.
He offered insights on scaling the business, expanding their reach, and maximizing their social impact. This support helped Do Amore navigate challenges and make informed decisions as they continued to grow.
2. Increased Brand Awareness and Customer Base
Do Amore’s Shark Tank appearance put them in the spotlight, introducing their brand to millions of viewers. This national exposure generated a surge of interest in their ethically sourced jewelry and their clean water initiatives.
The company saw a significant increase in website traffic and social media engagement. Many new customers were drawn to their story and mission, leading to a substantial boost in sales.
This expanded customer base provided Do Amore with the resources to further their social impact and expand their operations.
The Shark Tank effect served as a launching pad, propelling them to new heights and opening doors to exciting opportunities.
The Future of Do Amore
1. New Product Lines and Innovations
Do Amore is always looking ahead, seeking ways to evolve and expand their offerings while staying true to their core mission.
They understand the importance of innovation in keeping their brand relevant and appealing to a wider audience. This may involve introducing new jewelry collections featuring unique designs and ethically sourced gemstones.
Additionally, they may explore expanding into other product categories, such as home goods or accessories, always with a focus on sustainability and social responsibility.
By continuously innovating and diversifying their product lines, Do Amore can attract new customers and solidify their position as a leader in ethical consumerism.
2. Scaling the Social Impact
While Do Amore has already made a significant impact on clean water initiatives, their ambition doesn’t stop there. They are dedicated to scaling their social impact and reaching even more communities in need.
As their business grows, they aim to increase the number of clean water projects they fund, providing access to safe drinking water to even more people around the world.
They may also explore new ways to contribute to social causes beyond clean water, such as education or healthcare.
By leveraging their success and expanding their philanthropic efforts, Do Amore can create a ripple effect of positive change that extends far beyond the jewelry industry.
FAQs
What makes Do Amore’s rings unique?
Do Amore’s rings stand out due to their commitment to ethical sourcing and conflict-free materials. They use recycled precious metals and lab-grown diamonds, ensuring that their jewelry is environmentally responsible. Additionally, their social mission of providing clean water for every ring sold adds a layer of meaning and impact to each purchase.
How does Do Amore contribute to clean water initiatives?
For every ring sold, Do Amore funds a clean water project in partnership with charity: water. These projects provide access to safe drinking water for communities in need around the world. You can learn more about the specific projects they’ve supported on their website.
Where can I purchase Do Amore jewelry?
Do Amore jewelry is available for purchase through their official website. They offer a wide range of engagement rings, wedding bands, and other fine jewelry pieces, all ethically sourced and beautifully crafted.
The Bottom Line
Do Amore’s journey from Shark Tank to a thriving ethical jewelry brand is a testament to the power of combining a profitable business model with a social mission. Their dedication to providing clean water for communities in need has resonated with consumers, fostering loyalty and driving growth.
By staying true to their values and continuously innovating, Do Amore has solidified its position as a leader in the ethical jewelry market. Their story serves as an inspiration to aspiring entrepreneurs, demonstrating that it’s possible to achieve both financial success and positive social impact.
As they continue to expand and evolve, Do Amore is poised to make an even greater difference in the world, one beautiful piece of jewelry at a time.